Economist Salary in Bar Harbor, ME
How much does a economist make in Bar Harbor? Explore median, entry-level, and senior salaries adjusted for Bar Harbor's cost of living.
Salary Breakdown by Experience Level
See how economist salaries break down across different pay periods in Bar Harbor.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $53,716 | $90,646 | $124,218 |
| Monthly | $4,476 | $7,554 | $10,352 |
| Biweekly | $2,066 | $3,486 | $4,778 |
| Weekly | $1,033 | $1,743 | $2,389 |
| Hourly | $26 | $44 | $60 |
Bar Harbor vs National Average
How Bar Harbor's economist salaries compare to national figures.
Cost of Living in Bar Harbor
About Economist
Overview
Research economic data and trends to inform policy and business decisions.
Education
Bachelor's degree in Economics; Master's or PhD common for research roles
Key Skills
Growth Rate
Expected job growth: +17% over the next decade
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Economist Salary in Bar Harbor, ME — Complete Guide
Median Salary Overview
The median salary for a economist in Bar Harbor, ME is $90,646 per year, adjusted for the local cost of living index of 112. This figure reflects typical earnings for experienced professionals in this role, considering Bar Harbor's unique economic conditions.
Salary Range and Experience Levels
Entry-level economist professionals in Bar Harbor can expect to earn around $53,716 annually. As professionals gain experience, salaries typically increase, with senior-level economists earning approximately $124,218 per year. This represents a 131% increase from entry to senior level.
Cost of Living Adjustment
Bar Harbor's cost of living index of 112 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Bar Harbor are adjusted accordingly. This means that while the nominal salary may appear higher or lower than the national average of $91,970, the actual purchasing power must be considered in context.
Housing and Affordability
A significant portion of a economist's salary in Bar Harbor typically goes toward housing. With a 1-bedroom apartment averaging $1,300 per month, housing represents about 17.2% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.
Career Growth and Opportunities
Economists are in growing demand across the United States, with an expected job growth of 17% over the next decade. In Bar Harbor, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.